"Markets like totalitarian governments."--Larry Fink, BlackRock
HuffPo reported on Rubenstein from the World Economic Forum, the annual gathering of global tamperers, intent on growing their billions in wealth.
David Rubenstein, managing director of asset management firm Carlyle Group, said leaders must work fast to overcome the crisis or see other models of capitalism, such as the form practiced in China, win the day.Rubenstein's new version of capitalism is anything but. It's government sponsored and kills individual freedom. How can a "new version of capitalism" kill both capitalism and democracy simultaneously? When it entrenches those with wealth and power. That's the real game in America's Government-Corporate Monstrosity, Eisenhower's MIC on trillions in steroids.
"We've got to work through these problems. If we don't do that in three or four years ... the game will be over for the type of capitalism that many of us have lived through and thought was the best type," he said.
China has reaped the rewards of its transition to a more market economy and is now the world's second-largest economy. Unlike the capitalist systems in the U.S. and Europe, China's market transformation has been heavily guided by a state apparatus that continues to balk at widespread democratic reforms.
The media fawns over David Rubenstein and his PEU ilk. They push the shallowest meme to their greedy benefit. Is there nothing they can't twist to their personal advantage?
Davos is about totalitarianism. It's the China PEU model.
Update 2-10-12: FP picked up the state capitalism vs. market capitalism dichotomy.